Out of the many NYC districts, Chelsea is one of the favorites when it comes to establishing businesses. Chelsea’s office space is in high demand. Thus, the district features some of the lowest vacancy rates in the city and has some of the highest rental fees for premises. If you prefer to book Class A venue, be expected to pay more than $100 per sq. ft. per year. Still, the reputation your business is going to get in this neighborhood is worth the money you pay for the office here. This location will immediately make your business recognizable and credible, as it will be surrounded by many renowned names, among which are Google, Twitter, YouTube, Uber, and Netflix. Thus, if you rent the workspace here, you will immediately join this community. In order to avoid paying high sums of money for workspace rentals, the workspace seekers may opt for Class B premises, which are significantly cheaper than Class A ones. Lots of potential tenants are not against booking commercial properties on a sublease basis. Flexible office lease agreements are signed rather often, as they don’t require permanent commitment to the workspace in a particular location. Tenants can pay on a monthly basis for coworking suites and virtual office facilities.
